Another great article Brandon, should help get people thinking about how digital currency might be able to help solve these problems!
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Very good, that is the kind of news we like to hear. According to a report from Reuters, European Union lawmakers are going to take regulating blockchain technology and associated businesses lightly for the time being. EU officials say they will take the “softly approach” to applying a monetary policy to these emerging markets in order to curb stifled innovation.
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It looks like that may be a possibility. the office isn’t ruling out any particular technology. “The government is looking into any sort of blockchain technique, bitcoin is one of those. It is open to all ideas,” the spokesperson said. “There are a number of areas blockchains can be used, including government grants. It can be used to track the money and it gets tax payers a better deal, potentially.” But they may just be exploring all possible options. DNotes will one day be the optimal choice for something like this.
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Excellent article by the way Chase, really enjoyed it.
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Ignore this if it has already been posted, just read through and thought it was worth sharing. https://www.scribd.com/doc/310112812/ECB-DLT-PaperDistributed ledger technologies are of relevance beyond the Bitcoin and its unrestricted blockchain model. Consensus ledgers, restricted technologies and smart contracts all represent more viable and attractive options for financial institutions, as they draw on existing business models used in the post-trade industry for securities transactions and have the potential to create safer, more reliable and efficient post-trade processes. Based on the analysis in this paper, it can be concluded that there is potential in distributed ledger technology. Furthermore, innovation is, in general, welcome in the European post-trade market for securities, wherever it can bring safety and efficiency. A number of factors could, however, pose potential barriers to the widespread uptake and use of DLTs. First, the technology is not yet mature; second, the clarification of critical legal, operational and governance issues will take time; and third, even were DLTs to be adopted widely, certain post-trade functions will continue to be performed by institutions. It is not yet, therefore, clear whether DLTs will cause a major revolution in mainstream financial markets or whether their use will remain limited to particular niches. It is possible that a DLT may find its way into the mainstream market, but should this happen, it is more likely to cause a gradual change in processes, rather than a revolution in the market Good find, I think they are right, this industry is still in the beginning stages there will be a lot of room to grow and a lot of potential.
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Hmm, this type of thing shouldn't be allowed and I'd imagine the SEC would be cracking down on this sort of thing. At any rate it is a deplorable practice intended to mislead investors.
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A long one but very interesting read: How the Blockchain Can Unshackle the WorldOnce every 20 years or so, new technology comes to market that has the potential to change how we communicate, how we do business, and pushes the boundaries of everything we thought was possible.
In the 1970s, it was the personal computer; in the mid-1990s, the commercial Internet. Now, we are in the early stages of another major technological development called the blockchain.
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Digital Currency Weekly Recap 4-24-2016French Central Bank Report Recommends Increased Tracking of Cryptocurrency Unconfirmed Leak Suggests Russian Duma to Host Crypto Conference in June Private Testnet for Rootstock to Begin Soon EDCAB Hosts Roundtable Discussions on Digital Currency CGI Group Adds Ripple to Intelligent Gateway http://dcebrief.com/digital-currency-weekly-recap-4-24-2016/
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Very good point, digital currency is the killer blockchain app. If that is the path they need to take to realize and feel comfortable with cryptocurrency, then so be it. I'm sure blockchain will have a lot of applications in the future, but it is hard to imagine any that would be more useful on a global scale than digital currency.
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Blockchain Weekly Recap 4-23-2016Accenture Exploring Blockchain Solutions to Fight Drug Counterfeiting Follow My Vote Kickstarter Campaign Seeks Support for Blockchain Voting Platform University College Dublin Hosts Blockchain Educational Event Bitfury Group Bringing Blockchain to Georgian Land Title Registry Morgan Stanley Report: Banks Have Advantage in Blockchain Battle http://dcebrief.com/blockchain-weekly-recap-4-23-2016/
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Ahh, that makes a lot more sense.
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Bitcoin Weekly Recap 4-22-2016Dominican Republic Has Its First Bitcoin ATM Shift Bitcoin Card Expands to Two More States 34 Bytes to Offer Free Bitcoin Payment Processing During Merchant Beta Test Twentieth Instacoin Bitcoin ATM Installed in Canada Daishin and Coinone Unite to Increase Bitcoin Acceptance in South Korea http://dcebrief.com/bitcoin-weekly-recap-4-22-2016/ good news Welcome to the DNotes thread jioy!
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No it won't. One of the key advantages of cryptocurrencies is anyone, anywhere in the world is able to participate.
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Bitcoin Weekly Recap 4-22-2016Dominican Republic Has Its First Bitcoin ATM Shift Bitcoin Card Expands to Two More States 34 Bytes to Offer Free Bitcoin Payment Processing During Merchant Beta Test Twentieth Instacoin Bitcoin ATM Installed in Canada Daishin and Coinone Unite to Increase Bitcoin Acceptance in South Korea http://dcebrief.com/bitcoin-weekly-recap-4-22-2016/
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Hi there - Chris here with an update from Coinfest UK. The event was great, with a really good atmosphere of people coming together to promote Crypto as a group. We had a lot of informal interest in DNotes at the conference, from people from all over the UK and Europe, and people seemed to really get something out of the presentation. (I am reliably told that mine was the only presentation in which no-one reached for their mobile phone halfway through, so I will take that as a measure of some success..!) What really makes DNotes stand out is that while everyone else forgets the importance of mass acceptance, or tries to promote mass acceptance through making coins easier to use, DNotes is about the philosophy, the community and the team behind it. The end result was that DNotes looked like one of the more substantial projects at Coinfest - a project that solves a problem rather than creates new ones. I will be writing an OpEd article for DCEBrief in the coming days to give a flavour of the issues I covered, and the overall Coinfest experience, but if you're interested I have attached the presentation speech here in Google Docs form: https://docs.google.com/document/d/1-CehdX451LDrtmYTFyYniIOgw8GDjLYS56j7Pkyne5E/edit?usp=sharingThe feedback from the organisers is that DNotes had a huge impact on the success of the UK's first Coinfest thanks to our early involvement and the support of our community. I would also like to thank you all for the support I have had from the DNotes Team in creating and presenting this talk. Thank you and DNotes for your contribution to CoinFestUK! You supported me when CoinFestUK was just an idea in my head! People and projects like you help shape many projects for the good, You made it a great event and would love to work with you guys in the future with future events and projects. My only regret is not being able to watch all the presentations! Hi batesresearch, thank you for having Chris represent us at CoinFestUK! Glad to hear it went so well and absolutely, just keep us in the loop.
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Former U.S. Mint Director Edmund Moy recommends cryptocurrency as a way to diversify your money supply. 3 Ways to Diversify Your Personal Money SupplyHalf a century ago, on the occasion of my parent’s wedding, my paternal grandfather presented his daughter-in-law-to-be with a typical Chinese gift, back in the day: A pure gold bracelet and necklace, with many gold coins attached. A Chinese citizen coming of age in the early decades of the 20th century, he lived through a fallen empire, war lords, foreign invasions, world wars, and the rise of communism. He saw governments collapse and banking systems fail. The gift of gold coins was a guarantee that wherever my parents went, whatever political or economic turmoil they encountered, even if they had nothing but the clothes on their back, they would have enough money, on my mother’s wrist and neck, to sustain the family. America in the early 21st Century is a far cry from 20th Century China, but as we are living in increasingly uncertain economic times, the lesson behind my grandfather’s gift remains relevant. The importance of making one’s supply of money both diverse and portable endures. Glance around the globe, much of the world economy is in recession. Japan and Sweden have instituted negative interest rates, effectively punishing savings. Cyprus even confiscated huge chunks of its citizens’ savings to help prop up a faltering government finances. The world’s financial institutions are regularly being attacked and often breached by cyber thieves and techno terrorists. No, the sky isn’t falling (yet) and this isn’t a doomsday scenario. But it’s a good time to think about protecting one’s earnings from an uncertain economy and the threats surrounding it. Thankfully there are several ways to do this. Here are three of the most common: First, and most obviously, stash cash. This, in theory, is as easy as going to an ATM or bank and building up an emergency fund. Though you may have to do that in installments: banks already limit how much of their own money a customer can withdraw each day and is required to report large transactions to the federal government. Secondly, buy some precious metal bullion coins. But make sure they are produced by the government. These are the most widely recognized and easily fungible forms of bullion and come in a wide variety of sizes and values. These are important because their value typically increases when paper currency loses its value. And both cash and precious metal billions coins still work when the electricity doesn’t (as they did when Katrina knocked out the power). A third and final avenue for portability and diversification are crypto currencies. These are digital currencies such as Bitcoin that are commonly used as forms of payment online. Think of them as another currency like the dollar or euro, but the difference is that as long as there is an Internet, holders will have unlimited access to these funds. And since crypto currencies don’t travel through the regulated highways that other forms of money do, they are, for the time at least, out of the reach of governments and banks.Though they may not be necklaces and bracelets laced with gold coins, these forms of personal money supply will provide a degree of security, accessibility and portability not afforded funds simply sitting in electronic bank accounts. And with the cloudy forecasts for the world’s financial system, those are all very welcome things. Ed Moy served as the 38th Director of the United States Mint from 2006-2011. Moy is the chief strategist for Fortress Gold Group, a provider of gold IRA rollovers and physical U.S. gold and silver bullion coins for direct delivery. http://www.newsmax.com/Finance/Ed-Moy/Personal-Money-Supply-Cash/2016/04/15/id/724180/#Great article: No, the sky isn’t falling (yet) and this isn’t a doomsday scenario. But it’s a good time to think about protecting one’s earnings from an uncertain economy and the threats surrounding it. It is very smart to be prepared for whatever is coming.
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